Suncor Energy Inc. achieved several quarterly production records, including record oilsands production, record gross production at Fort Hills and the second-highest quarterly upstream production in the company's history, Rich Kruger, president and CEO, said during a Q4 and year-end 2023 results conference call this morning.
February 22, 2024, 10:36 AM MST
The Trans Mountain pipeline expansion delay was keenly discussed during Gibson Energy Inc.’s fourth quarter 2023 results call-in, with president and CEO Steve Spaulding telling an analyst they are considering the delay “indefinite” until they hear otherwise.
February 22, 2024, 5:24 AM MST
February 21, 2024, 9:51 AM MST
Cenovus Energy Inc. says the pending startup of the Trans Mountain expansion project is eagerly awaited and will benefit the company, as well as the sector as a whole.
February 16, 2024, 6:03 AM MST
Cenovus Energy Inc. achieved the second-highest quarterly production rates in its history as fourth quarter output averaged 808,600 boe/d in the fourth quarter, an increase of approximately 12,000 bbls/d from the third quarter and up slightly from 806,900 bbls/d in Q4 2022.
February 15, 2024, 10:59 AM MST
Canadian output in January fell by an estimated 360,000 bbls/d to 5.9 million bbls/d, reported the International Energy Agency (IEA), as an Arctic freeze affected operations across Alberta.
February 15, 2024, 4:32 AM MST
Enbridge Inc.’s Mainline system delivered strong volumes in the fourth quarter and the company remains confident that trend will continue this year, despite the eventual start-up of the Trans Mountain expansion project.
February 9, 2024, 2:36 PM MST
Greenfire Resources Ltd. is forecasting 2024 average consolidated net production of 22,000 - 25,000 bbls/d, which assumes capital expenditures of between $70 and $90 million, reflecting annual production growth of 25 per cent to 40 per cent over consolidated net production in 2023, which averaged approximately 17,700 bbls/d.
February 9, 2024, 12 AM MST
Construction is under way at International Petroleum Corporation’s (IPC) Blackrod SAGD development, with first oil from the 30,000 bbls/d phase one of the project still on track for late 2026, said new company president and chief executive officer William Lundin at IPC’s Capital Markets Day.
February 7, 2024, 9:23 AM MST
Athabasca Oil Corporation’s Thermal Oil division underpins the company’s strong free cash flow outlook, with an unchanged $135 million capital budget and production guidance of 32,000 – 33,000 bbl/d.
February 7, 2024, 7:33 AM MST
International Petroleum Corporation (IPC) reported positive operating and financial results in 2023, while it ramped up growth spending on its Blackrod SAGD project expected to deliver first oil in 2026.
February 6, 2024, 10:06 AM MST
Record-setting volumes from Kearl backstopped Imperial Oil Limited’s fourth quarter output surge that saw the company average 452,000 gross boe/d, the highest quarterly production in over 30 years when adjusting for the divestment of XTO Energy Canada.
February 2, 2024, 10:52 AM MST
February 2, 2024, 4:54 AM MST
Imperial Oil Limited expects the tightening of the WTI-WCS differential witnessed since the start of 2024 to narrow further as the year unfolds and the Trans Mountain expansion project begins line fill and starts operations.
February 2, 2024, 2:11 PM MST
February 2, 2024, 10:41 AM MST
In the two weeks following Russia’s invasion of Ukraine on Feb. 24, 2022, the DOB published my three-part “President Putin’s Massive Ukrainian Blunder” series.
January 31, 2024, 6 AM MST
North American Construction Group Ltd. announced that Mikisew North American Limited Partnership (MNALP) has been awarded a three-year regional services contract by a major producer in the Canadian oilsands region.
January 31, 2024, 8 AM MST
Greenfire Resources Ltd.’s consolidated average net production in Q4/23 was approximately 17,400 bbls/d and averaged approximately 20,800 bbls/d in the month of December 2023.
January 30, 2024, 9:06 AM MST
January 26, 2024, 12 AM MST
January 25, 2024, 6:05 AM MST
Canadian supply rose by a further 200,000 bbls/d month-on-month in November, matching the previous high of 6.1 million bbls/d, after October data was revised upwards by 150,000 bbls/d, based on government data, the International Energy Agency (IEA) reported in its January update on the oil market.
January 18, 2024, 12 AM MST
Governments authorized a total of 7,365 new wells in 2023, up two per cent compared with 7,202 permits the prior year.
January 17, 2024, 12 AM MST
January 12, 2024, 7:09 AM MST
Enterprise Group, Inc. announces that its subsidiary, Artic Therm International Ltd., has secured a project to contribute to the construction of a replacement pipeline for one of Canada’s largest oilsands producers.
January 4, 2024, 10:35 AM MST
Suncor Energy Inc. achieved upstream production of 808,000 bbls/d in the fourth quarter of 2023, the second highest quarter in its history, the company reported today.
January 3, 2024, 7:57 AM MST
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